Pinterest to Lay Off Up to 15% of Workforce in Restructuring

Core Viewpoint - Pinterest plans to cut approximately 15% of its workforce, equating to around 700 jobs, as part of a restructuring initiative focused on reallocating resources to higher-growth sectors like artificial intelligence [1] Group 1 - The workforce reduction is part of a broader strategy to enhance operational efficiency and focus on growth areas [1] - The decision reflects a shift in company priorities towards emerging technologies, particularly artificial intelligence [1]